All Your Worth

So why 20%? So you can stop worrying

Savvy money managers don’t spend a lot of time looking for ways to save a few pennies. They charge right ahead to the big-ticket items, looking to make high-impact changes in the shortest period of time. They don’t sweat the small stuff. And neither will we.

Because nobody wants to talk about

Maybe you looked at that 50-30-20 formula, and you wanted to throw this book against a wall and shout, “I can’t do that!” If that’s how you’re feeling, then please listen very carefully. All Your Worth is a lifetime plan. It is about moving toward a better place, no matter where you start. It is about setting a clear goal while managing the ups and

That means you now have 20% of your income left for saving for tomorrow. And that is where the money to pay your debts will come from: the money for your Savings.

So you can pay off your past

Once you’ve created your Security Fund, you’ll be ready to move into Stage 4. This is the stage you’ll stay in for the rest of your working life. Because Stage 4 lasts for so long, it has more than one piece. The first piece is your retirement fund. The second piece is paying off your house. And the third piece is saving for your other dreams. Just

An independent contractor supporting a family might decide he needs to put even more into Savings to protect against the times when business is slow. Or an older couple with a passion for travel and a fully paid mortgage might choose to go light on the Must-Haves so they could go heavier on the Wants.

How much should you put in your Security Fund? The general rule of thumb is put enough in your Security Fund to cover your Must-Haves for 6 months.